Practice question
Under RCC Section 62, who signs and countersigns a stock certificate?
- Any employee and any visitor.
- The president or vice president, countersigned by the secretary or assistant secretary.
- Only the treasurer, without another officer.
- Only the SEC chairperson.
- Any shareholder, countersigned by a creditor.
Legal references
- RA11232, RCC, Sections61–64: https://lawphil.net/statutes/repacts/ra2019/ra_11232_2019.html
- Tan v. SEC, GR95696, March3 1992, main decision: https://lawphil.net/judjuris/juri1992/mar1992/gr_95696_1992.html
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